Analysis: Nepal’s $20m ‘loss-and-damage’ claim only covers 0.7% of flood costs

Share Article Contents Expand menu Close Nepal’s needs Requests vs pledges ‘Rapid response’ The Nepali government has requested $20m from the UN fund for “ loss and damage ”, following the devastating floods that hit the country in late August.

This amounts to just 0.7% of the $2.7bn it has estimated in “physical damage” to infrastructure and “economic losses” from the flooding, according to Carbon Brief analysis.

The $20m request would, nevertheless, make Nepal the fourth-largest claimant to the UN loss-and-damage fund, which is intended to help deal with climate-related disasters.

Developing countries have already made 176 applications to the UN fund for responding to loss and damage , requesting, in total, $2.8bn to help recover from a variety of damaging events, such as drought, floods and storms.

Yet, to date, predominantly developed nations have only pledged $0.8bn to support the fund.